5 87Th Street #303 & 301, Ocean City, MD 21842-2787 $3,250,000
Interior Sq. Ft: 5,347
Acreage:
Age:17 years
Style:
Unit/Flat
Subdivision: None Available
Design/Type:
Unit/Flat/Apartment
Description
Unique opportunity to own 2 units in the rarely available St. Kitts building fittingly named "Sunrise" & "Sunset." Each spacious unit has 5 bedrooms and 4.5 baths, new HVAC units, newly replaced sliding doors, and surround sound featured in the open living areas as well as wrap around balconies with views of the beach, Atlantic Ocean & Assawoman Bay. The condos have 6 covered assigned spaces, 3 per unit, for no hassle parking and a building elevator for ease of trips to and from the beach. "Sunrise" Unit 303, has been an occasional summer retreat for the current owners and is approximately 2622 sq. ft. and will convey with most furniture. The Gourmet kitchen features granite counters, plenteous kitchen cabinets , built in wine cooler & icemaker, the granite island conveniently offers a cooktop & vented stainless steel range hood so you can prepare a feast while socializing with your guests. The living area has aesthetically pleasing cork flooring, sliding doors and windows galore allowing an abundant of natural sunlight with views of the ocean. "Sunset" Unit 301, at 2722 sq ft, is a proven high income producing rental that is being offered turn key/ fully furnished so all you have to do it start collecting the rental income. Sunset also features LVP flooring, granite counters & island, tray ceilings as well as sliders and windows galore. In between the twin units sits a beautifully decorated terrace perfect for entertaining and or family gatherings. This is an incredible offering to allow large families or great travel friends to own together in one of the most desirable garden style condo buildings in town or an incredible investment opportunity that could bring in over $280+- in gross rental income per year. Or you may just want to keep one for personal use and rent the other, either way this is an opportunity that doesn't come around often and will not be around for long!
Home Assoc: No
Condo Assoc: $6,280/Quarterly
Basement: N
Pool: No Pool
Elem. School: Ocean City Mid. School: Berlin Intermediate School High School: Stephen Decatur
Features
Water
Water Oriented: Yes; Water Front: No; Water Access: No; Water Body Type: Ocean; Navigable: No;
Utilities
Heat Pump(s), Electric, Ceiling Fan(s), Central A/C, HRV/ERV, Electric, Hot Water - Electric, Public Water, Public Septic, Dryer In Unit, Has Laundry, Washer In Unit, Cable TV
Garage/Parking
Parking Garage, Covered Parking, Assigned Parking
Interior
Bar, Carpet, Ceiling Fan(s), Combination Dining/Living, Entry Level Bedroom, Family Room Off Kitchen, Carpet Flooring, Ceramic Tile Flooring, Luxury Vinyl Plank Flooring, Insulated Windows, Sliding Windows, Insulated Doors, Sliding Glass Doors, Sprinkler System - Indoor
Exterior
Pillar/Post/Pier Foundation, Asphalt Roof, Masonry, Vinyl Siding, Balcony, Terrace, Wrap Around Porch/Deck
Lot
Oceanside, Bay View, Ocean View
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Public Elementary (1 schools)
School | District | Grades | Place | Distance |
---|---|---|---|---|
Ocean City Elementary | Worcester County Public Schools | Preschool–4 | Ocean City | 4.74 mi |
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This report is a detailed community overview for Ocean City (21842), Maryland.
Community Quick Facts
- Average travel time to work for people in this community: 21
- Average salary of people in this community: $46,876
Community Summary
- Population Density (ppl / mile): 683
- Household Size (ppl): 2.04
- Households w/ Children: 22%
Housing Inventory
- Owned: 3,625 (11.1%)
- Rented: 1,559 (4.8%)
- Vacant: 27,482 (84.1%)
- Total: 32,666
Population Demographics
The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.
Climate and Weather
The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.
Temperature
Education
Highest Level of Education Attained
- Less than 9th Grade: 2.8%
- Some High School: 5.5%
- High School Graduate: 28.9%
- Some College: 22.0%
- Associate Degree: 8.5%
- Bachelor's Degree: 21.3%
- Graduate Degree: 10.9%
Income by dollar range
Median Income: $55,064
Fair Market Rents
The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).
- Studio: $713
- One Bedroom: $830
- Two Bedroom: $1,105
- Three Bedroom: $1,412
- Four Bedroom: $3,501
© 2024 LiveBy. All Rights Reserved.
Contact Information
Schedule an Appointment to See this Home
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or call me now at 302-733-7044
Listing Courtesy of: Sheppard Realty Inc , (443) 783-0299, jennysoldit@aol.com
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Listing data as of 11/16/2024.
Broker Compensation
An offer of broker compensation or seller concession is not a guarantee. All compensation offers and concessions are negotiable and subject to written agreement between the parties. Please consult with your real estate agent for more information.